David Tepper Appaloosa LP
David Tepper, founder of Appaloosa Management, is a billionaire hedge fund manager renowned for his expertise in distressed debt investing and contrarian bets. He is known for high-risk, high-reward strategies that have generated significant returns, such as investing in struggling banks during the 2008 financial crisis. His investment philosophy emphasizes deep value analysis, understanding market psychology, and making high-conviction decisions, often going against prevailing sentiment.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$845M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$272M |
| 3 |
Micron Technology
MU
|
+$231M |
| 4 |
Alibaba
BABA
|
+$223M |
| 5 |
Meta Platforms (Facebook)
META
|
+$185M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$20.5M |
| 2 |
I
INTELSAT S. A.
I
|
+$11.5M |
| 3 |
Centene
CNC
|
+$6.7M |
| 4 |
Mr. Cooper
COOP
|
+$5.73M |
| 5 |
Humana
HUM
|
+$5.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 32.23% |
| 2 | Consumer Discretionary | 23.67% |
| 3 | Technology | 21.48% |
| 4 | Healthcare | 8.54% |
| 5 | Utilities | 7.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Alphabet (Google) Class C
GOOG
$4.05T
| $542M | 15.88% |
8,898,000
+4,598,000
| +107% | +$272M |
2016 Q1
14 quarters
|
|
|
2
Meta Platforms (Facebook)
META
$1.78T
| $503M | 14.73% |
2,825,000
+975,000
| +53% | +$185M |
2016 Q3
12 quarters
|
|
3
Amazon
AMZN
$2.83T
| $460M | 13.47% |
5,300,000
+1,600,000
| +43% | +$148M |
2019 Q1
2 quarters
|
|
|
AABA
4
DELISTED
Altaba Inc
AABA
| $270M | 7.9% |
13,838,684
+12,788,684
| +1,218% | +$845M |
2017 Q2
9 quarters
|
|
|
5
Micron Technology
MU
$1.03T
| $257M | 7.53% |
6,000,000
+5,100,000
| +567% | +$231M |
2016 Q4
11 quarters
|
|
|
AGN
6
DELISTED
Allergan plc
AGN
| $218M | 6.38% |
1,295,000
| – | – |
2016 Q1
14 quarters
|
|
|
7
Alibaba
BABA
$260B
| $217M | 6.37% |
+1,300,000
| New | +$223M |
2019 Q3
0 quarters
|
|
8
PG&E
PCG
$39.5B
| $181M | 5.3% |
18,110,523
+1,282,508
| +8% | +$19.4M |
2017 Q4
7 quarters
|
|
9
DELISTED
Caesars Entertainment Corporation
CZR
| $131M | 3.82% |
11,200,000
| – | – |
2017 Q4
7 quarters
|
|
10
Energy Transfer Partners
ET
$69.3B
| $76.6M | 2.24% |
5,857,027
+4,500
| +0.1% | +$62.7K |
2017 Q2
9 quarters
|
|
11
Broadcom
AVGO
$1.61T
| $75.9M | 2.22% |
+2,751,020
| New | +$78.2M |
2019 Q3
0 quarters
|
|
12
Salesforce
CRM
$199B
| $74.2M | 2.17% |
500,000
| – | – |
2019 Q1
2 quarters
|
|
13
Alerian MLP ETF
AMLP
$12.7B
| $59.9M | 1.75% |
1,310,000
| – | – |
2018 Q4
3 quarters
|
|
14
Adobe
ADBE
$99.3B
| $56.6M | 1.66% |
205,000
+93,000
| +83% | +$27.2M |
2019 Q1
2 quarters
|
|
15
T-Mobile US
TMUS
$165B
| $55.1M | 1.62% |
700,000
| – | – |
2017 Q4
7 quarters
|
|
|
16
UnitedHealth
UNH
$374B
| $54.3M | 1.59% |
250,000
-85,000
| -25% | -$20.5M |
2017 Q1
10 quarters
|
|
17
Vistra
VST
$52.4B
| $46M | 1.35% |
1,719,100
| – | – |
2018 Q2
5 quarters
|
|
18
Cheniere Energy
LNG
$58.7B
| $25.9M | 0.76% |
410,000
| – | – |
2017 Q4
7 quarters
|
|
19
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.38B
| $24.6M | 0.72% |
275,000
-50,000
| -15% | -$4.71M |
2019 Q1
2 quarters
|
|
|
20
Humana
HUM
$51.1B
| $19.2M | 0.56% |
75,000
-20,391
| -21% | -$5.72M |
2019 Q2
1 quarter
|
|
21
Boeing
BA
$152B
| $11.4M | 0.33% |
+30,000
| New | +$10.7M |
2019 Q3
0 quarters
|
|
22
Clearway Energy Class C
CWEN
$3.83B
| $10.9M | 0.32% |
597,295
-102,905
| -15% | -$1.82M |
2019 Q1
2 quarters
|
|
|
23
DELISTED
Mr. Cooper
COOP
| $6.93M | 0.2% |
652,500
-637,500
| -49% | -$5.73M |
2016 Q1
14 quarters
|
|
|
24
DELISTED
Clearway Energy Class A
CWEN.A
| $3.03M | 0.09% |
174,962
-35,238
| -17% | -$595K |
2019 Q1
2 quarters
|
|
|
25
Centene
CNC
$34.7B
| – | – |
-127,815
| Closed | -$6.7M | – |
|
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David Tepper's Q3 2019 Portfolio in Review
As of Q3 2019, David Tepper held 30 positions worth $3.41B, down 63% from $9.26B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
David Tepper deployed $1.95B of net new capital in Q3 2019, opening 3 new positions and adding to 8 existing holdings. Its largest new stake was Alibaba: 1,300,000 shares worth $217M.
By sector, the portfolio is most concentrated in Communication Services at 32% of assets, up from 7% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was UnitedHealth, an estimated $20.5M trimmed.
- David Tepper's largest Q3 2019 buy was Alibaba: 1,300,000 shares worth $217M.
- David Tepper added most to Altaba Inc in Q3 2019, an estimated $845M increase.
- David Tepper's biggest Q3 2019 reduction was UnitedHealth, cutting an estimated $20.5M.
- David Tepper fully exited INTELSAT S. A. in Q3 2019, selling an estimated $11.5M.
- David Tepper's ten largest holdings make up 84% of its $3.41B portfolio in Q3 2019.
- David Tepper opened 3 new positions and closed 5 in Q3 2019.
- David Tepper's portfolio value fell 63% quarter-over-quarter to $3.41B.
Based on Appaloosa LP's 13F filing for Q3 2019, filed 14 Nov 2019.